Existing Home Sales Prices Rise

Created Friday, 28 August 2009 19:19

TEXAS’ EXISTING HOME SALES DROP, PRICES RISE

TEXAS (Real Estate Center, CNNMoney.com) – A total of 22,511 existing homes were sold in Texas last month, a 4.8 percent decline from July 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price increased 0.6 percent to $153,800 during the same period, and the state finished the month with a 7.4-month inventory of existing homes.

Here is how select Texas cities fared in July (data current as of Aug. 28, 2009):

 

Sales Change from
Last Year
Median
Price
Change from
Last Year
Months’
Inventory
Amarillo 254 down 21.6% $124,600 up 1.2% 7.2
Austin 2,288 down 0.2% $189,700 down 0.6% 7
College Station-Bryan 304 down 15.1% $151,000 down 2.3% 6.8
Dallas 4,815 down 6% $164,800 up 0.8% 6.5
El Paso 478 down 4.8% $135,200 down 2.4% 9.1
Fort Worth 840 down 12.3% $118,700 down 1.1% 6.6
Harlingen 78 up 20% $95,000 up 13.6% 28.7
Houston 6,393 down 4.8% $161,900 up 1.3% 6.8
Killeen-Fort Hood 257 down 6.2% $124,800 down 0.9% 10
Laredo 91 up 11% $122,800 up 2.3% 9
Lubbock 348 up 0.9% $110,300 up 0.3% 5.5
Palestine 21 down 16% $102,500 down 2.4% 10.1
San Angelo 125 down 5.3 % $121,700 up 10.6% 5.6
San Antonio 2,040 up 7.9% $156,900 up 2.3% 8.4
Waco 213 down 14.5% $114,600 down 1.4% 8.4

 

Additional home sales data for these and other major Texas cities are available on the Center’s website.

Nationally, sales of existing single-family homes last month were up 5 percent from July 2008, according to the National Association of Realtors.

Real Estate Center Online News August 28, 2009 Copyright 2009. All rights reserved. Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Real Estate Center at Texas A&M University should not be reprinted without permission of the original source.

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